RENEGOTIATE · SWITCH BANKS

Pay less on the mortgage you already have

We compare your current mortgage with offers from several banks. If it pays off, we handle the switch for you.

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WHO IT'S FOR

Remortgaging pays off if...

Four signs you are paying too much.

Your spread is above 1.5% (we recheck it against today’s Euribor).
You took out the mortgage more than 5 years ago and have never renegotiated.
Your financial situation has improved since you first completed.
Your current bank does not respond to your requests for a review.

WHAT'S INCLUDED

What we handle in a remortgage.

Comparison with no commitment

We go through your current mortgage and work out the saving from switching. If it does not add up, we tell you straight.

Negotiation with several banks

We submit your file to several banks and have them compete for your mortgage.

Discharge and new registration

We handle the discharge of the current mortgage and the new entry at the land registry.

Insurance review

A remortgage is the right moment to review the life and buildings insurance as well.

PROCESS

The remortgage process.

01
Current position
We ask for your statement and current contract, and work out how much more you are paying than you need to.
02
Savings estimate
We present the scenarios: annual saving, total saving and the costs of switching.
03
Negotiation
We submit to the banks. Your current bank often makes a counter-offer, and we compare everything.
04
Discharge and completion
We see the current mortgage discharged and the new one through to completion.

See the full process

DOCUMENTATION

Documents for the remortgage.

Compared with a first purchase, there are fewer documents.

See the full checklist

Detailed statement of the current mortgage (outstanding balance, rate, term).
Copy of the original mortgage contract.
Latest income tax (IRS) return and recent payslips.
Up-to-date credit liabilities report (CRC).
Property tax record (caderneta predial) and land registry certificate for the mortgaged property.

BANKS

We compare against the main banks operating in Portugal.

CGD
BPI
Novobanco
UCI
ABANCA
Crédito Agrícola
Santander
Bankinter
Banco CTT

COMMON QUESTIONS

Remortgaging

Can’t find your question?

Browse the guides or write to us. We reply within 48 hours.

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Generally when the spread difference is more than 0.3 to 0.5 points and the outstanding balance is still significant (more than 5 years left to repay). We run the numbers before going ahead.

Typically: the early repayment charge (0.5% on a variable rate, 2% on a fixed rate), the discharge of the current mortgage and the new registration. Together, around 1% to 2% of the outstanding balance.

No. Moving your mortgage is a consumer right. What your current bank can do is make a counter-offer, and that is often what happens.

Typically 6 to 10 weeks from first contact to completion with the new bank. Faster than a new mortgage, because the property has already been valued.

Yes, but carefully: you may lose the State guarantee if the requirements are no longer met. We analyse case by case.

SERVICES